Ørsted (CSE:ORSTED) on Friday cut its full-year 2025 EBITDA guidance after lower offshore wind speeds and a project delay weighed on performance.
The Danish renewable energy company said it now expects EBITDA, excluding new partnerships and cancellation fees, of DKK 24 billion to DKK 27 billion, compared with an earlier forecast of DKK 25 billion to DKK 28 billion.
“The primary driver for the adjustment to the EBITDA guidance is the impact from the lower-than-normal offshore wind speeds across the offshore portfolio, which has had an adverse EBITDA impact of approximately DKK 1.2 billion relative to normalised wind speeds during 2025,” Ørsted said in its statement.
The company added that a delay in the Greater Changhua 2b construction project will also reduce EBITDA by around DKK 0.3 billion this year.
Despite the earnings downgrade, Ørsted reiterated its full-year 2025 gross investment guidance of DKK 50 billion to DKK 54 billion. “The above is not expected to impact Ørsted’s medium-term targets,” the company added.
The revision comes after weaker-than-normal wind speeds in July and August hit output across the company’s offshore portfolio.
Offshore wind generation is a core contributor to Ørsted’s earnings, and weather-related variability is an inherent factor in its results.
Source :
https://www.investing.com/news/stock-market-news/rsted-cuts-2025-ebitda-outlook-on-weak-wind-speeds-project-delay-4226010
